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A comment on A Basic Income Should Be the Next Big Thing. Parent comment

Re:A Basic Income Should Be the Next Big Thing by ams6110 on Tuesday May 03, 2016 @04:24PM (#11623922)
The money you put into SS is used to pay the benefits of the people drawing on it today. Anything left over is loaned to the government (yes an IOU to itself). There is no account with your name on it that holds the dollars that have been taken from you all your life. There is no trust fund. It's a giant pyramid scheme.
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Re:A Basic Income Should Be the Next Big Thing by gnaritas on Tuesday May 03, 2016 @08:01PM (#11625222)
> It's a giant pyramid scheme.

No it isn't.

> The money you put into SS is used to pay the benefits of the people drawing on it today.

That doesn't make it a pyramid scheme.

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